Explain the process of balanced scorecard framew
Q: Bart’s Barometer Business (BBB) is a retail outlet that deals exclusively with weather equipment.…
A: Annual demand, d = 1200 Unit cost, u = $60 Ordering cost, o = $50 Holding cost, h = 20%×60 = $12…
Q: A firm uses 48,700 widgets per year and can produce 300 per day. Carrying costs are $2 and setup…
A:
Q: How did you find all the points
A: To find the points, remove inequality with equality for constraints. Constraint 1 will become…
Q: Joe Henry's machine shop uses 2,530 brackets during the course of a year. These brackets are…
A: Given data, D Demand 2530 Units H Holding Cost 1.65 $ S Ordering cost 18.25 $…
Q: Quantity of a raw material listed in a purchase order counts as demand when you check the…
A: Inventory management is all about managing the inventory of a company which is the quantity of stock…
Q: A factory has just received an order for 95 units of an end item, which are to be shipped at the…
A: Given: Item Lead time (weeks) On Hand Inventory Scheduled receipts Order policy Direct…
Q: Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual…
A: As per our guidelines, we are supposed to answer only the first three sub-parts if there are…
Q: How can you tell the difference between the many tools and technologies available for IT project…
A: The approach of handling or managing the plan, strategies, business, organization, and liability to…
Q: Putting your business plan in writing helps you communicate your ideas to others. Do you think…
A: Yes. Talking about your company strategy with others might help you get your thoughts down on paper.…
Q: Which time-series model below assumes that demand in the next period will be equal to the most…
A: A time series is a series of data pinpoints (Listed or graphed) in the time order. Most typically, a…
Q: A logistics company applies the EOQ model to manage its inventory of spare parts used for…
A: EOQ is an ordering technique under which a company orders a determined amount of units and gets to…
Q: Consider a project that has been modeled as in the table below. Part a) Draw the PERT/CPM network…
A: PERT/CPM are both network-based of project management processes, which show the flow & series of…
Q: Is having a Master file important since it contains a large amount of long-term data necessary?
A: A master is the main data recording which records permanently about a particular entries or…
Q: Debit cards offer less protection against fraud. O True O False
A: Debit cards are issued by the the banking company which allows a customer to withdraw there money…
Q: Q1: A manufacturer wishes to determine how to produce two products A and B, so as to realize the…
A: Here the information is given for every 100 units. But in the optimal product mix, it is necessary…
Q: Problem #4 - Jasper Inc. would like you to provide consulting services and provide recommendation on…
A: Note: - Since we can answer only up to three subparts we will answer the first three subparts(a, b,…
Q: Discuss the following: 1. Bill of Lading (BOL) and its importance in shipping( you should…
A: International trade is based on the exchange of products & services between nations. Trading…
Q: How does effective Project Integration Management help to ensure each project is managed in a…
A: Project integration management shows the coordination of all components of the project. This…
Q: Given the following linear program: Max 3x1 + 4x2 s.t. 2x1 + 3x2 0 Identify the feasible…
A: given Max 3x1 + 4x2 s.t. 2x1 + 3x2 < 24 3x1 + x2 < 21 x1, x2 > 0
Q: Which of the following is not among the principal offensive strategy options that a company can…
A: Offensive strategy refers to the strategy which firms uses to to compete in the market as firms may…
Q: Meena Distributors has an annual demand for an airport metal detector of 1,420 units. The cost of a…
A:
Q: 1.1.6 A company produces four products: W_1, W_2, W_3, and W_4. Two of the many inputs used in the…
A: Max Z = 2 W1 + 2W2 + 1W3 + 3W4 subject to 5W1 + 2W2 + 1.5W3 + 2W4 <= 90000 2W1 + 2W2 +…
Q: Ivell Packaging Company produces paper and plastic packaging products. All of the following may be…
A: Corporate social responsibility often called CSR can be stated as the type of business…
Q: In the Agile approach, project management plays an important role.
A: Agile Technique The Agile technique appears to be gaining traction quickly, with most organizations…
Q: Question 3 4 Listen ► Amelia recently bought a used car from her friend's mother. She has only had…
A: A purchasing decision by a consumer or a buyer is affected by various aspects which a buyer might…
Q: Define group norms and role expectations as they relate to building small group culture. Where do…
A: Small group cultures survey the issues that come from society and culture. Small group cultures are…
Q: Explain what kind of costs you evaluate when you do the trade-off in transportation mode analysis.
A: Transportation mode analysis (TMA) is used to evaluate alternative delivery methods, including…
Q: An airline employee responsible for quarterly schedules was measured for the following repetitions.…
A:
Q: 1. Use the assignment method to determine the best way to assign workers to jobs, given the…
A: In assignment method we need to assign a worker to each job in such aa way that the total cost is…
Q: Why do firms choose to streamline their supply chains?Describe two or three ways a firm might go…
A: The supply chain is the network of workers, processes, techniques, and equipment that helps the…
Q: Chuck’s Custom Boats (CCB) builds luxury yachts to customer order. CCB has landed a contract with a…
A: Since you have submitted a question with multiple subparts, as per guidelines we have answered the…
Q: What is ensemble forecasting?
A: Forecasting is a process that utilizes historical data as information to create informed assessments…
Q: define creation of an inclusive environment
A: In the general term, inclusion can be stated as the purposeful attempt to develop an environment…
Q: 2. Discuss three (3) areas of importance in the procurement process.
A: The procurement process is the process of preparing and processing the demand including end receipt…
Q: Determine : 2a) the Tc in seconds
A: Production time is the total of the duration/time period that is used in the production of a…
Q: A retailer uses the EOQ model with uncertain demand rate (and positive lead time) to manage the…
A: The question is related to the Inventory Management and EOQ. It is given that D = Annual demand Q =…
Q: 2. A payment of £10 will be made in 10 years. The annual effective interest rate is 1 % p.a. Compute…
A: given, interest rate =1% p.a a payment = 10
Q: Discuss the four standard ways that a small business may respond to risks that it may encounter in…
A: Business operations are described as the different activities that businesses get associated with…
Q: نن فم a. - Identify and describe the decision variables for this LP problem. -Mathematically state…
A: Linear programming is a technique to reach the solution of maximum profit or lowest cost by using a…
Q: Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply…
A: we use solver method of transportation to get the cost by using a excel file
Q: A manufacturer produces umbrellas. The production rate is 400 per day. The monthly demand for…
A: given, production rate = 400 per day demand = 3000 set up cost =$100
Q: Altug's Coffee Shop decides to install an automatic coffee vending machine outside one of its stores…
A: Given data; Cost 3.5 $/cup λ Arrival rate 30 per hr Service rate 1.5…
Q: ith the Nintari game machine. Both of these imperfectly competitive firms are maximizing profits. If…
A: How will Nintari adjust the prices of game machines and games to maximize profits?
Q: Construct the PERT network for this project and determine the follow: Expected activity times and…
A: D(duration)=given in the question as normal time ES (Early start)= The first activity from where the…
Q: Describe the ideal exterior store design for Clothing Store
A: The exterior of any store is an external part of the store that protects the store from outside…
Q: A larger and more modern main post office is to be constructed at a new location in Davis,…
A: Given data: Mail source point X Y Round trip per day 1 4 6 4 2 8 4 7 3 3 14 1 4 6 10 11…
Q: Why is leading by example important
A: Leading by instance or example is a management style where leader classical the behavior leader…
Q: 1. Would Mary be justified in ignoring this situation, particularly since she is not the purchasing…
A: Just-in-time is an inventory management approach in which companies work closely with suppliers so…
Q: Lastly, you will need three constraints that show if SC, SR, or SP are 0, then the Available for…
A: Prepare a spreadsheet as shown below
Step by step
Solved in 3 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?